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quincy morgan >> thank you sara eisen >>> where we stand in the broader markets, dow down triple digits33 points. the s&p down 13, and nasdaq down 75 communications and tech stocks arleinthwae adg e y lower. a lot more "squawk alley" still to come. place, the xfinity xfi gateway. and it's strengthened by xfi pods, which plug in to extend the wifi even farther, past anything that stands in its way. ...well almost anything. leave no room behind with xfi pods. simple. easy. awesome. click or visit a retail store today. >>> welcome back investors looking to earnings on the market's direction dom chu is back at hq with a look at how tariffs and trade policy are impacting third quarter reports so far dom? >> morgan, the forward look is what so many analysts and investors are keying on this earnings season. what will companies say about the impact of tariffs on their future performance on the financials it is a little too early to tell just yet this earnings season. you can see about 70 companies reported so far through the early part of the morning. among the names, 21 have explicitly used th

good friday morning, welcome to "squawk on the street," i am carl quintanilla with david faber and sara eisennd mike. jim cramer is off today. europe is right across the board. we got some banks under pressure there and the 10-yr falls below. sharper on the hill of some disappointing results. the nasdaq in the midst of the worst month since the crisis >> alphabet leading fang stock lower. strong consumer spending giving the economy a boost last quarter. gdp coming in better than expected we'll get the first white house reaction with nick muhaney at this hour. >> we are set to a big decline open thanks to a double whammy in tech. >> amazon issuing some holiday quarter guidance that was below forecast and nasdaq is on track for the worse monthly performance since 20208 we knew going into the post market last night how much is writing on those two names >> yes, it looks like a trap it was a relief bound. i don't think anybody decided that all of a sudden that microsoft is going to carry through the entire season. it is vulnerable for the negative reaction. it reflects an unsteady, vulnerable tap

sara eisen has more on the latest quarter for pepsi. >> the ceo ending her 12-year tenure upon a high note. pepsico posting a strong growth on the metric they use to show how the underlying business is doing. double indigent increasing growing the freiheit o lay snack business and turn around in beverages continue are yibting to the growth.we hor, the strong dollar put a dent in the profit outlook. >> sfr the standpoint of the overall financials of the company, t first half of the year the dollar was actually a tailened to our results. it flipped to a headwind in q 3 and slightly more substantial he wwindbelieve in q 4. >> on her last day she told analysts and investors ifbl blessed to lead such a great company. during her leadehip petition steered the snack and drinks company toward better for y offerings. quaker oats. bubbly sparkling water and o doubling dow sparkling water by acquire soda stream. she successfully managed to fight off an activist investo who pushed to split the business into snacks and beverage companies. however, when a 22-year-old veteran of the company does take

result marks the final day of the ceo let's bring in hugh johnston and a member of the cnbc, our sara eisennd we'll kick things off. >> hey guys, good morning. >> the turn around in north american beverages, what drove some of the changes you guys saw this quarter >> absolutely, sara, good morning and great to be with you all here it is a strong quarter for us. you cited the revenue number and aps number was 9%. we feel good about that. in addition to that, the portfolio is working very well and international growth was 9%. developing emerging markets at 10% and frit-o-lay delivered a strong quarter some challenges in north america in terms of commodity and inflation and transport inflation. as we put pricing into the marketplace of the snack and beverage businesses, we expect the profit performance and improvement as we move forward >> in the forecast, seems to be a bit of a surprise, talk a little bit about the u.s. dollar we know it is stronger and against some of those emerging markets like you do business like turkey and russia how acute of what you are seeing there both in consumer be

i'll carl quintinilla with sara eisen and david faber at the new york stock exchange.it the best couple days for february and the dow. a lot to watch today. >> our road map for the hour starts with stocks opening strong in what has been a rough october for the markets. the nasdaq and russell down 10%. is now the time to get in. >>> and today looks to be another good one the president weighs in on the moves in stocks and corporate earnings. >>> speaking of results, we have big gains, at least so far, for facebook and general motors. we'll bring you the numbers and analysis >>> we are breaking down three big stories this morning for you, starting with the last trading day of what has been a wild october ride for stocks the s&p is on pace for its worst monthly performance since going back to may, 2010. dow with a 6% drop for october and the nasdaq and rullssell 200 index in correction territory. huge morning for earnings. we'll break out the biggest movers for earnings, including facebook, mark zuckerberg laying out plans for the future the stock is getting a big boost. a

come back to you when we do. >> jackie, thank you. >>> welcome back to "squawk on the street," i'm sara eisenand david fae live at post 9 at the new york stock exchange the dow is down 220 points right now. the s&p 500 down almost 0.9% we have staples and financials just popping into positive territory. just staples now everybody else is lower. technology, strils and consumer discretionary are the biggest drags, the nasdaq taking it the hardest.industrials and consumer discretionary are the biggest drags, the nasdaq taking it the hardest for the s&p, if we're at these levels it could be at the lowest close since back in august, five days in a row lower for the s&p 500. >>> meantime, hurricane michael expected to blou expected to plow into the gulf nbc meteorologist kalee dionne has an update on the path. hey, kalee. >> we are looking at a storm that's only 15 miles from the shoreline at this point and it's moving quickly toward the florida panhandle. i wanted to compare it to the most recent hurricane we've been dealing with so i compared hurricane florence to hurricane michael and they're tw

happy friday i'm sara eisen with david faber and mike santoli live from post 9 at the new york stocke morning off. >>> let's look at the markets. things looking better this morning. the dow is up 163 points thanks in part to what was a blowout sales number from procter & gamble got a lot to say about that one. consumers staples leading the s&p higher but it's broad. you've got all sectors higher right now. technology is coming back strong today. the nasdaq composite up 1% bonds and the dollar under pressure, europe is mixed and china bounced. >>> our road map for the hour starts with the markets. stocks trying to bounce back on this wild week of trading. solid corporate earnings giving the street a boost. >> speaking of dow, procter & gamble is soaring. the consumer products giant reports its best quarter in five years. sara is going to dig through those numbers for us. >>> he was once dubbed the next warren buffett the now former ceo of sears eddie lampert spoke with jim stewart and jim will join us in a few minutes. >>> let's start off with this week, volatility continuing. this mo

i am morgan brennan with sara eisen. today from post 9 on the floor of new york stock exchange jon fortt is in new york city, will join us as the search giant is set to unveil the latest smart phone dealing with its own security breach and a number of other issues, including deciding not to compete for the big pentagon cloud contract. but sara, looking at the dow, down about 50 points now pairing some of the earlier losses. >> we have been swinging all around on the dow. what's strong is echnology, that's a bounce from recent sessions nasdaq up a half percent and that's steady. consumer discretionary, technology, communications services, and that includes the faang names in those sectors are higher today is this resumption of the growth trade or is it just to come back after what we have seen value over growth. continues to be a big debate we await president trump, any moment expect to have tape from him live at the white house speaking with u.n. ambassador nikki haley who offered her resignation, set to leave end of the

." ♪ >>> good monday morning, welcome to "squawk on the street," i am carl quintanilla and sara eisenjim cramer has the day off. results this week from apple and facebook and starbucks and more. big gains in europe, merkel will not seek another term as chancellor the market whip after a plunge in stocks on friday, we are set to gain in the open. >> ibm's biggest tech deals of all time, a massive premium for red hat. we'll have a lot more on the deal itself. the logic behind it and the movement >> global stocks are moving higher from leadership changes and germany. brazil to headlines about china's auto stocks. >> for october, dow is down more than 6.5%. s&p has dropped 9% nasdaq and the russell are in so-called correction territory although the average stock in the s&p is down 20 from the all time highs >> exactly this is a pretty widespread correction actually. one of the few things that's not corrected hard is the s&p. whatever we call that 2015 into '16 people that people think it is a stelt market, it is kind of in the mode of calling this right now it is one of those things, thin

"squawk on the street" will be right back >>> welcome back to "squawk on the street," i'm sara eisenntinilla and david faber live as always from post 9 at the new york stock exchange. >>> volatility continues to rock this market. it's been a theme for the entire month of october john ford is out west looking at the big move out from texas instruments as semis are on pace for their worst month in a decade brian sullivan has a check on energy eamon javrs jav javers is folloe president. first, let's start with jon. >> texas instruments down over 4% after a revenue miss. demand is softening everywhere except 5g. texas instruments makes analog chips that translate digital signals into sights and sounds that means they go into everything from tvs and phones that communication equipment is one area that turned in decent performance versus expectations. it's not as though everything is shrinking, just that growth rates are tailing off. this as the s&p semiconductor is negative for the past 12 months and year to date it comes as we await earnings from chin giant intel storm. intel shares have

i'm sara eisen with wilfred frost and mike santoli at the new york stock exchange.have the morning off. look at where we stands in the markets. a global selloff pressuring u.s. stocks at the open the dow down 14 points remember, we're coming off of a tough week 1% down for the s&p 500. worst week for the nasdaq since march. it's declining about a tenth of a percent this morning our road map begins with rising rates. bond markets closed due to the holiday but investors are spooked by recent action we'll look at what rising rates means for investors. consumers, your money, straight ahead. >>> plus, shares of ge jumping after an upgrade at barclay's. the bank says the new ceo will lead a turnaround and the bad news is already priced in. >>> and going, going, gone a painting sold at auction for $1.4 million shreds itself on the auction block. we have those details. >>> let's get to stocks this morning. the recent rise in interest rates spooking investors bond markets are closed for the columbus day holiday but, mike, you've been looking at this for us, what it means for

and rising interest rates >>> welcome back to "squawk on the street," i'm carl quintinilla with sara eisen faber. dow being helped by microsoft and other names following microsoft's earnings last night, up 216, trying to claw back a third of the losses from yesterday. >> our road map start there is an attempt at a snapback, stocks getting a boost after a massive selloff that sent the dow and s&p lower for the year. >> it's the busiest day of the season reports from come cast, tesla, amd and more. >>> and twst is soaring after the company beat expectations. we'll have the cfo straight ahead. >> nasdaq is up 2% after yesterday's tumble that sent the s&p and the dow into the red for the year and the nasdaq into correction territory they're rallying on the meals of pretty big earnings movers, twitter, ford, tesla, comcast and microsoft are higher following their reports. are stocks setting the stage for a comeback joining us, fill camparelli at j.p. morgan. welcome back. >> good morning. >> are we conditioned now to respond aarnings versus the begn of the quarter. >> this quarter has been a lo

i am jon fortt at post 9 with sara eisen, morgan brennan is back carl has the morning off bond markets closed for columbus day, rising rates are driving the narrative. >> certainly we have seen stocks turn south nasdaq down a half percent dom has more on why rising rates may be due for a pause what do we expect to happen next >> we expect rising rates in the regime near to medium term to long term to continue higher because of fed normalization however, we have come so far so fast for interest rates, notably on the longer end of yield curve, ten year maturities and 30 year maturities that some are seeing time for a pause. the reason they say that, if you look at the charts for ten year treasury note yield, we are in city statistically rarified air the blue line treasury note yields through current conditions this magenta line is the 50 day average level of that interest rate what we have now is a situation you can see here where we are well above statistical norms for this price movement in this interest rate. last time we saw any kind of a strong move to the up side was way back in th

with me at post 9 is sara eisen, david faber.d jon are off this morning. >>> markets are rallying with the dow and s&p set to break what would be three week losing streaks, despite yesterday's selloff, as volatility continues. what can investors expect in the weeks ahead? joining us, chief investment strategist at charles schwab, and global portfolio manager at blackrock. we have concerns about rising rates, perhaps too aggressive fed, china trade concerns which seem to come and go and effect our market here and there. what are you focused on and what do you think is going to bring the next few weeks >> on the rate front it's all well told about the backup and long end of the u.s., i think what's less discussed is the tightening liquidity pattern first couple years after they raised rates, we saw loosening conditions, they're now tightening we have less liquidity in an environment where global growth is slowing on the trade piece, one of the things unsettling for markets in the last couple of weeks is that actual companies are co

. >> i'm sara eisen in for kelly evans. data exposed google shares are under pressure right now after reports of a security flaw in google plus we've got the details for you. >>> plus, hurricane michael heading towards the gulf we'll tell you which oil companies could be impacted. the "closing bell" starts right now. ♪ it's the final countdown >> good afternoon, welcome to the "closing bell. we'll get to all of those stories in just a minute first of all, let's check in on the markets. the dow, excuse me, the dow on track to break its losing streak despite concerns over rising rates just back into positive territory in the last few moments. >> not much for the rest of the averag averages well off of sessions lows. we were on 1% decline for nasdaq the bond market is closed for the columbus day holiday the performance, traditionally interest rate sectors in the stock market is indicating tomorrow could bring some relief for the bond investors dom chu has more back at headquarters. >> sarah, wilfred, maybe not unforeseen that

. >> and i'm sara eisen in for kelly evans. >> no recorded open.omeone recorded the headlines had a little late. >> i don't know if that was the problem. >> really, i'm pretty sure it was. >> busy day. >> as usual on time. here is the check in on the markets. >> this -- still on time. >> this final hour of trade, and it's been a bit of a yo-yo final hour or so but certainly well off the lows of the day. the dow was down 319 points at one stage. it's currently down 57 with the s&p just positive. >> nasdaq still on pace for its biggest monthly decline since january 2016 cnbc's seema mody is on the floor with more on today's market action, especially after the fed minutes were released. seema? >> the market has been all over the place. as you just pointed out dow was down as much as 319 points at the lows we came back into positive territory and then sold off once the fed meeting minutes came out. now we're trying to get back into positive territory, but one sector that has led the dow lower is technology. we're here at post 6 take a look at shares of

happy q4 i am carl quintanilla with sara eisen and jon fortt.t the quarter and week with an emphatic rally. going to be the best day since august s & p above the closing high for the moment mike santoli here to talk about what's working we can talk to a couple of things. >> the markets seemed like they were pointed higher. futures opened three-tenths of 1% the trade deal gives an excuse to buy beaten up stuff down on fears of something getting disrupted, kansas city southern, the railroad that was the proxy, but we also have amazon and apple up a percent and a half, presumably because the market is open people think the fourth quarter is set up for follow through gains. >> ymca, great way to remember the new trade deal we are watching the rose garden for president trump to come out and tout this. last hour, raised an interesting point, it allows cheaper parts to the market, whether autos or canadian stock market, the green light to rally if you're looking for somewhere to get cheaper stock since the u.s., markets done relatively well, maybe look

sara eisen joins us with more on this >> i'll give you some of the highlights from the quarter.ing on a strong note. more than 4% organic growth is a turning point. speaks to much better trends going on in the business it's not just snacks which has been the case over the past few quarters remember pepsi owns frito-lay. north american beverages returned to growth other highlights, international very strong especially in developing emerging markets. as far as the weak spot and this may be weighing on the stock this morning strong dollar, starting to hurt. places like latin-america, russia the currencies have gone against them we saw that recently in nike's quarter where foreign exchange goes from being a helpful tail wind to an actual head wind. they raised their outlook for organic revenue growth which is a sign they're seeing better trends in beverages and in snacks a mention this is indra's last time on par with staples. i picked out a few highlights of her tenure including the good for you fund for you strategy where she added healthier snacks to the profile and also diversif

. >> coca-cola just out with earnings sara eisen is here she has the numbers. >> it's a strong quarter here coca-cola beat on the bottom line beat on the top line reporting -- here's the revenue beat $8.245 billion the main highlight here is organic revenue growth which is the industry metric, up 6% for coca-cola. that was better than the 4% that analysts were looking for. and if you break that down by region, very strong in europe, the middle east and africa up 9% latin america, it's double digit growth north america was one of the weaker spots coke did grow its revenues in every area that it sells in north america. up 2%. asia up 4% they are maintaining their guidance which is also really important given the strong dollar which is going to hurt even more. they're seeing growth in diet coke james quincey just told me millennials are coming to diet coke and coke zero sugar and that's a new thing >> all right sara eisen, thank you for that also porter bibb, he's out of here we're going to talk about the late volatility in yesterday's session and what sparked the selling and what you can

. >> and i'm sara eisen in for kelly evans. >> been a wild day on wall street as you all know a look at what the indices are doing. down 2% on the dow in terms of points, down 527, the low of the session. it was down 569. the high was up 11 it feels like a long time ago early this morning s&p is down just over 2% and nasdaq down over 2.5%. >> some were itle declines for stocks what's interesting is the cross-currents right now v.to look at bonds and look at the dollar as well take a look at the ten-year treasury yield this has been a huge source of angst for the stock market lately 322 so hovering right around the 11-year high when it comes to bond yield you're seeing it across the curve. the two-year shooting up to a ten-year high and the 30-year, multi-year highs been a little bit higher earlier in the session as you can see, but the elevation of the bond yield, also wanted to point out the u.s. dollar which is weaker today. it's interesting that bonds, the dollar and stocks are all selling off together usually stocks sell off in a big way, 500 points down, and you're rushing to sa

you good tuesday morning, everyone welcome back to squawk on the street i'm carl quintanilla with sara eisennd david faber. dow up 225 we keep an eye on earnings out of coke. of course, facebook is tonight. >> major volatility in the markets. wild swings. keep finding stocks from finding stability here we'll have full coverage on all the sharp, sudden moves. >>> apple holding an event in brooklyn, where they're expected to unveil new products fang stocks have been crushed in the last month. >>> plus another capitmarket catalyst coca cola, pfizer and allergen reporting. we'll speak to the ceo's of coca-cola and allergen this hour >>> on the left, stocks are starting their day here in the green. session highs right now. as we saw yesterday, there have been sharp swings throughout the trading day. morgan brennan is following ge earnings, with that stock down about a percent, still near a 52-week low. we've seen a weak industrials se trigger a sell-off >>> we're keeping an eye on the white house as president trump's comments on trade and markets, one sharply lower, one higher. s&p 500 in the las

i'm carl quintinilla with david faber and sara eisen at the new york stock exchange.newing themselves, namely the two-year yield. >> and our road map does start there. the fear of rising rates the federal reserve indicating it's staying on course with policies despite attacks from the president. >> former federal reserve vice chair stanley fisher will join sara straight ahead. plus, navigating market volatility the major average is back in the red. where you can put your money to work goldman's head of u.s. equity strategy david kostin is here. >> and the fang play is time to rethink how you're investing in big names in technology. we'll discuss that. >>> first up, though, the volatility trade continues on wall street this morning the dow is extending its losses. s&p down for a second session, already down eight of 10 as we said, treasury yields raiding close to ten year highs as rate fears overshadow corporate results. joining us at post 9 is goldman's chief u.s. equity strategist david kostin who says we see limited further down side why? >> well, think about the ke

i'm carl quintinilla with sara eisen and david faber at the new york stock exchange.e backups in yields continues. >> fears of the fed starting to spook investors. >> plus, amazon and apple denying a report of a chinese hack. >>> and you might not know it, it has been the year of the deal m&a hit its highest level despite a pretty slow third quarter. we'll break down the big deals and talk about whether the rest of this year will be as strong with rob kindler, morgan stanley's global head of m&a. >> first up, ten year does hit its highest level in seven years, stocks set to break a five day win streak for the dow. earlier today, national economic council director larry kudlow talked to the economic club of washington telling the audience, quote, this is not a sugar high. listen. >> i give you fatter paychecks, better blue-collar jobs, i think we'll go on for quite some time. this is not a sugar high, this is a change in marginal tax rates and regulationings which will keep giving incentives. >> certainly a worth while question as markets stay near record territory let

i'm carl quintanilla with sara eisen and david faber of post nine dow 232 points, s&p back to 2776 asing an attempt at a rally once again. >> our road map starts right there. stocks staging a comeback. positive earnings helping the market recover from last week's big sell-off where to put your money to work next. >> morgan stanley out with results. >>> plus pot stock roller coaster, ahead of canada's legalization tomorrow. >> more eye-popping numbers, rick >> yeah. we're talking eye-popping. if you have a heart condition, i suggest you sit down 7,136,000 job openings unbelievable we never had a seven handle, get this, until april of 2017, we never had 6 million job openings this series started back in december of 2000 and last month was a whisker under 7 million. they upgraded it to slightly over these are really lofty numbers, carl back to you. >> thank you very much, rick santelli nice setup for us as we start the morning talking about markets. stocks seeing gains on the heels of earnings. coming to the defense of the markets. listen to that. >> if you like the equities when everyth

i'll carl quintinilla with sara eisen and david faber at the pink that. negative dow is down 79, s&p almost 10 and the tech rally was the last to tip >>> our road map for the hour begins with the busiest week of earnings season dominating the market 149 s&p 500 stocks and a third of the dow set to report we'll get you ready. >>> plus the administration teasing this new tax cut, but congress is not in session does it have a chance? >>> and megamillions mania the jackpot soaring to a new all time world record. >>> we begin the busiest week of earnings and stocks have fallen into the red following october's volatility in the market joining us is mohamad elel-erian great to have you back good morning. >> thank you for having me on. >> we're at a point where u.s./china relations appear to be going nowhere quickly more concerns about peak earnings growth here, dollar/strength supply chains, raising costs, some hope the fed blinks in december is that where you are? are people overestimated the short-term weakness in the global economy >> so where i am is that th

i'm carl quintinilla with sara eisen and david faber from post 9 of the new york stock exchange it'seen a tough week 1300 points in a couple days with the dow getting at least 342 back at the moment. >>> our road map for the hour starts with the markets. stocks surging as worries over rising rates seem to ease. tech shares are rebounding. >>> natural correction, treasury secretary mnuchin weighs in on wall street's big day drop. >>> and what j.p. morgan, citi and wells have to say about the rising rates, trade and the economy. >>> stocks are staging a comeback after the two-day selloff that saw the dow fall more than 1300 points. s&p down more than 150 points. nasdaq down 408 points treasury secretary was on our air this morning he commented on the big move in stocks talking to us in bali. >> i think the fundamentals are very strong. the u.s. economy is strong, u.s. earnings are strong so i think this is a natural correction after the markets were up a lot. >> really no new information in the market on the fed who are on trade for that matter. so i really see this as a reaction of ma

. >>> welcome back to "squawk on the street," i'm sara eisen with carl quintinilla and david fiber.oking strong today both in terms of the stock market and the economy the dow at a record high, s&p 500 tracking for a record close. nasdaq up half a percent strong numbers on private sector jobs on services and also italian markets are bouncing both bonds and stocks helping to the better mood overseas. >> all right meantime, microsoft releasing several new device this is week. the surface pro 6, surface laptop 2, surface studio 2 as well as head phones, let's look at their recently unveiled devices. yusuf mehdi is microsoft's cdp of modern life and devices he joins us on the floor for a demo >> and yusuf, thanks for being with us. surface has become over the past six years a real contributor to microsoft. you have some new devices out. $900 for this one. a thousand for this one and head phones starting at $350. that's premium price why did you do it? what do you get? >> a couple things before we jump in there. the big focus for us is crazy digital life where work interrupts life, life

. >> i'm sara eisen in for kelly evans.exposed google shares are under pressure right now after reports of a security flaw in google plus we've got the details for you. >>> plus, hurricane michael heading towards the gulf we'll tell you which oil companies could be impacted. the "closing bell" starts right now. ♪ it's the final

i'm sara eisen here at the new york stock exchange.inal trading day of the month it was a scary october for the market does look set to close out on a high note. we'll survey the damage done and take a look at what november may hold for stocks. >>> plus, general motors skyrocketing today with earnings per share smashing wall street estimates. a top auto analyst tells us why gm's rally could just be getting started. >> and i'm brian sullivan. facebook flying after earnings, but mark zuckerberg outlining big challenges for his company on the earnings call

. >> and i'm sara eisen in for kelly evans. >> no recorded open.ne recorded the headlines had a little late. >> i don't know if that was the problem. >> really, i'm pretty sure it was. >> busy day. >> as usual on time. here is the check in on the markets. >> this -- still on time. >> this final hour of trade, and it's been a bit of a yo-yo final hour or so but certainly well off the lows of the day. the dow

i'm sara eisen here for kell evans.ll street finishes not as good as it was in terms of the bullish momentum but good enough to get a new record high for the dow jones industrial average as long as it finished higher, we'd get a new record. s&p couldn't quite get there earlier in the session when things were looking stronger, it was tracking towards a record close. the level to watch would have been 2930. as you can see off of those highs. nasdaq closing higher by a third of a percent so technology bouncing back today. the banks also had a very strong day. best performing sector in the s&p off the higher treasury yields and the russell 2000 also got a boost. not enough to make up for the declines of this week and still up a percent shares of general motors finished the day honda while shares of honda sank on news that the japanese automaker will be investing billions with gm to help develop autonomous cars i wonder if it will spark more partnerships and deals, we'll have that discussion coming up let's talk about the re

i'm carl quintinilla with sara eisen, david faber, jim crimer is staying with us a little longer wildide for stocks in the green after the major selloff on wednesday. we saw all the major averages tumble and, of course, the nasdaq had its biggest one-day loss since june of '16 66% of s&p stocks were in correction territory or worse and now we're being handed additional news about potential meets with the president and xi in november. we'll talk to larry kudlow in a moment. >> one of the things i said would cause a turn in this market would be if we saw the cold war would thaw. obviously if you're talking to each other, the cold war is thawing. but that's one of the things we have to do, we need to see fed chairman powell walk it back a little the drug stocks are getting crushed here the food stocks are getting crushed. people think he is going to walk it back. look, it's a long day. there will be some sellers coming out in tech names because they can't bear to hold nvidia and amd anymore, it's too painful. but it's constructive. let it come in a little if you haven't bought that. ther

i'm sara eisen here at the new york stock exchange. final trading day of the month it was a scary october for the market does look set to close out on a high note. we'll survey the damage done and take a look at what november may hold for stocks. >>> plus, general motors skyrocketing today with earnings per share smashing wall street estimates. a top auto analyst tells us why gm's rally could just be getting started. >> and i'm brian sullivan. facebook flying after earnings, but mark zuckerberg outlining big challenges for his company on the earnings call we'll talk about facebook and what it means for the other faang stocks as well and it's predicted stocks will rally from here but only in the short term and we've got a big-time long-term warning and he's here to detail that as "closing bell" begins right now ♪ >>> welcome to "closing bell." welcome back, brian sullivan this is the final hour of trading in what has been a very volatile october for stocks. markets staging a big rally today, second day in a row the dow surging right now

. >> and i'm sara eisen in for kelly evans. >> been a wild day on wall street as you all know a lookwhat the indices are doing. down 2% on the dow in terms of points, down 527, the low of the session. it was down 569. the high was up 11 it feels like a long time ago early this morning s&p is down just over 2% and nasdaq down over 2.5%. >> some were itle declines for

good friday morning, welcome to "squawk on the street," i am carl quintanilla with david faber and sara eisenhe board. we got some banks unde

." ♪ >>> good monday morning, welcome to "squawk on the street," i am carl quintanilla and sara eisen

. >>> cnbc's sara eisen joins us from the new york stock exchange. how's it looking?or more pain with futures looking for a lower open after steep declines yesterday spread around the world. asia, europe, china, felt it especially hard. their market closed lower by 5%. after yesterday's ugly session, where all three of the major average closed down at least 3%. the tech heavy nasdaq got hit the hardest. it closed lower by 4%. worse day for the nasdaq since brexit. so why now? why are we seeing this aggressive selling? well, a few reasons. number one, companies are starting to feel the impact of the trade war. we're getting all sorts of warnings that input costs are rising as a result of tariffs. it's harder to do business in china. also, the imf this week warned that growth isn't going to be as strong as expected for the global economy and, finally, guys, interest rates are rising. we're seeing that in the bond market. some multiyear highs which of course raises everything from mortgages to consumer loans. you know, you can't call this the greatest economy in history